Compass Diversified Holdings Stock Market Value

CODI Stock  USD 24.18  0.14  0.58%   
Compass Diversified's market value is the price at which a share of Compass Diversified trades on a public exchange. It measures the collective expectations of Compass Diversified Holdings investors about its performance. Compass Diversified is trading at 24.18 as of the 28th of March 2024. This is a 0.58 percent increase since the beginning of the trading day. The stock's open price was 24.04.
With this module, you can estimate the performance of a buy and hold strategy of Compass Diversified Holdings and determine expected loss or profit from investing in Compass Diversified over a given investment horizon. Check out Compass Diversified Correlation, Compass Diversified Volatility and Compass Diversified Alpha and Beta module to complement your research on Compass Diversified.
Symbol

Compass Diversified Price To Book Ratio

Is Compass Diversified's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Compass Diversified. If investors know Compass will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Compass Diversified listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.13)
Dividend Share
1
Earnings Share
(1.71)
Revenue Per Share
28.554
Quarterly Revenue Growth
0.039
The market value of Compass Diversified is measured differently than its book value, which is the value of Compass that is recorded on the company's balance sheet. Investors also form their own opinion of Compass Diversified's value that differs from its market value or its book value, called intrinsic value, which is Compass Diversified's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Compass Diversified's market value can be influenced by many factors that don't directly affect Compass Diversified's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Compass Diversified's value and its price as these two are different measures arrived at by different means. Investors typically determine if Compass Diversified is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Compass Diversified's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Compass Diversified 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Compass Diversified's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Compass Diversified.
0.00
04/08/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/28/2024
0.00
If you would invest  0.00  in Compass Diversified on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding Compass Diversified Holdings or generate 0.0% return on investment in Compass Diversified over 720 days. Compass Diversified is related to or competes with Visa, Diamond Hill, Nocturne Acquisition, Mountain I, Mountain Crest, Monterey Capital, and Mountain Crest. Compass Diversified is a private equity firm specializing in add on acquisitions, buyouts, industry consolidation, recap... More

Compass Diversified Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Compass Diversified's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Compass Diversified Holdings upside and downside potential and time the market with a certain degree of confidence.

Compass Diversified Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Compass Diversified's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compass Diversified's standard deviation. In reality, there are many statistical measures that can use Compass Diversified historical prices to predict the future Compass Diversified's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Compass Diversified's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
22.4324.0325.63
Details
Intrinsic
Valuation
LowRealHigh
23.6525.2526.85
Details
Naive
Forecast
LowNextHigh
21.8523.4525.05
Details
8 Analysts
Consensus
LowTargetHigh
24.5727.0029.97
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Compass Diversified. Your research has to be compared to or analyzed against Compass Diversified's peers to derive any actionable benefits. When done correctly, Compass Diversified's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Compass Diversified.

Compass Diversified Backtested Returns

We consider Compass Diversified very steady. Compass Diversified secures Sharpe Ratio (or Efficiency) of 0.095, which signifies that the company had a 0.095% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Compass Diversified Holdings, which you can use to evaluate the volatility of the firm. Please confirm Compass Diversified's Mean Deviation of 1.24, risk adjusted performance of 0.0644, and Downside Deviation of 1.37 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Compass Diversified has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.81, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Compass Diversified will likely underperform. Compass Diversified right now shows a risk of 1.59%. Please confirm Compass Diversified jensen alpha, potential upside, daily balance of power, as well as the relationship between the treynor ratio and expected short fall , to decide if Compass Diversified will be following its price patterns.

Auto-correlation

    
  0.07  

Virtually no predictability

Compass Diversified Holdings has virtually no predictability. Overlapping area represents the amount of predictability between Compass Diversified time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 to 28th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Compass Diversified price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Compass Diversified price fluctuation can be explain by its past prices.
Correlation Coefficient0.07
Spearman Rank Test-0.32
Residual Average0.0
Price Variance3.43

Compass Diversified lagged returns against current returns

Autocorrelation, which is Compass Diversified stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Compass Diversified's stock expected returns. We can calculate the autocorrelation of Compass Diversified returns to help us make a trade decision. For example, suppose you find that Compass Diversified has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Compass Diversified regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Compass Diversified stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compass Diversified stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compass Diversified stock over time.
   Current vs Lagged Prices   
       Timeline  

Compass Diversified Lagged Returns

When evaluating Compass Diversified's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compass Diversified stock have on its future price. Compass Diversified autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Compass Diversified autocorrelation shows the relationship between Compass Diversified stock current value and its past values and can show if there is a momentum factor associated with investing in Compass Diversified Holdings.
   Regressed Prices   
       Timeline  

Compass Diversified Investors Sentiment

The influence of Compass Diversified's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Compass. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Compass Diversified's public news can be used to forecast risks associated with an investment in Compass. The trend in average sentiment can be used to explain how an investor holding Compass can time the market purely based on public headlines and social activities around Compass Diversified Holdings. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Compass Diversified's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Compass Diversified's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Compass Diversified's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Compass Diversified.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Compass Diversified in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Compass Diversified's short interest history, or implied volatility extrapolated from Compass Diversified options trading.

Pair Trading with Compass Diversified

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Compass Diversified position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Compass Diversified will appreciate offsetting losses from the drop in the long position's value.

Moving together with Compass Stock

  0.66V Visa Class A Sell-off TrendPairCorr
  0.81MCAA Mountain I AcquisitionPairCorr

Moving against Compass Stock

  0.44DHIL Diamond Hill InvestmentPairCorr
The ability to find closely correlated positions to Compass Diversified could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Compass Diversified when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Compass Diversified - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Compass Diversified Holdings to buy it.
The correlation of Compass Diversified is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Compass Diversified moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compass Diversified moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Compass Diversified can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Compass Diversified offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Compass Diversified's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Compass Diversified Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Compass Diversified Holdings Stock:
Check out Compass Diversified Correlation, Compass Diversified Volatility and Compass Diversified Alpha and Beta module to complement your research on Compass Diversified.
Note that the Compass Diversified information on this page should be used as a complementary analysis to other Compass Diversified's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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When running Compass Diversified's price analysis, check to measure Compass Diversified's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Compass Diversified is operating at the current time. Most of Compass Diversified's value examination focuses on studying past and present price action to predict the probability of Compass Diversified's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Compass Diversified's price. Additionally, you may evaluate how the addition of Compass Diversified to your portfolios can decrease your overall portfolio volatility.
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Compass Diversified technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Compass Diversified technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Compass Diversified trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...